Western Forest Products (TSE:WEF - Get Free Report) had its price target cut by equities research analysts at Raymond James from C$0.60 to C$0.50 in a report issued on Thursday,BayStreet.CA reports. Raymond James' price target indicates a potential upside of 29.87% from the stock's previous close.
Separately, TD Securities reduced their price objective on shares of Western Forest Products from C$0.55 to C$0.50 and set a "hold" rating for the company in a research note on Friday, November 8th.
View Our Latest Analysis on Western Forest Products
Western Forest Products Stock Performance
Shares of TSE WEF traded down C$0.02 during midday trading on Thursday, reaching C$0.39. The company's stock had a trading volume of 247,952 shares, compared to its average volume of 247,441. The firm has a 50 day moving average price of C$0.42 and a 200-day moving average price of C$0.45. The stock has a market capitalization of C$121.95 million, a P/E ratio of -2.75, a PEG ratio of 0.32 and a beta of 1.81. Western Forest Products has a 12-month low of C$0.37 and a 12-month high of C$0.69. The company has a debt-to-equity ratio of 18.43, a current ratio of 2.97 and a quick ratio of 0.73.
Western Forest Products (TSE:WEF - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C($0.03) by C($0.03). Western Forest Products had a negative return on equity of 7.64% and a negative net margin of 4.13%. The company had revenue of C$241.70 million for the quarter, compared to analysts' expectations of C$242.00 million. As a group, equities analysts predict that Western Forest Products will post 0.004992 earnings per share for the current year.
Western Forest Products Company Profile
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Western Forest Products Inc is a Canada-based softwood forest products company. The company's principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprised of Timber harvesting, Log sales, and Lumber manufacturing and sales.
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